Quite a few of these showed up on eBay after the October 2004 auction. To me this suggests there were many in inventory when Schrade was stopped from shipping in July of 2004. Possibly it was a custom shielded order made for Sturm Ruger (or a merchant with a Ruger trademark license), perhaps nearly ready for bulk shipment when bankruptcy was filed. I'd say that they were genuine, not a cataloged item, possibly never shipped to the buyer. A collection of the Outbacks with their various custom shielding and etches is interesting. I own several of them myself. Some had custom tagged sheaths, some none at all. I don't recall seeing a Ruger tagged sheath. Maybe the order was being held for the matching sheaths?
As always, "Schrade...more questions than answers!"
Michael